Connect with us

News

Cyber stakeholders seek unified identity system against fraud

Published

on

Cyber stakeholders seek unified identity system against fraud
Cyber Crime logo
Spread the love

Cyber space stakeholders are calling for the integration of multiple Nigerian identity system into a unified system to easily detect and track perpetrators of cybercrime.

The stakeholders, comprising of representatives from Deposit Money Banks, FinTechs, Economic and Financial Crimes Commission (EFCC), Federal Bureau of Investigation (FBI), Central Bank of Nigeria (CBN), among others joined their counterparts globally to mark the 2023 Cybersecurity Awareness Month marked.

They explained that the “Nigerian Identity” plan would allows the  international passport, phone number, Bank Verification Number  belonging to one individual to grafted in a composite interconnected file to easily detect and track perpetrators of cybercrime.

Speaking at the Information Security Society of Africa – Nigeria (ISSAN) Cybersecurity Roundtable with the theme: Re-Thinking Corporate Governance Rules on Money Transfers held in Lagos,  ISSAN President, David Isiavwe, stated the need for industry operators, law enforcement agencies and financial sector regulators to ensure they are steps ahead of the activities of cybercriminals.

According to him, “the cybersecurity space is constantly evolving. As the cybercriminals do not sleep or relent, operators and regulators have a duty to not also sleep. Indeed, the protection of the cyberspace is the responsibility of all stakeholders…”

Maduka College Advert

“The increasing deployment of technology to optimize and ease financial transactions has not only revolutionized the payment space, but it has also broadened the attack surface for cybercrime.

Thus, it has only become necessary that guidelines and principles that provide safety to these systems are continuously adopted locally and internationally as cyber-attacks are no more a matter of “if” but “when” they will occur.” He stated.

Isiavwe who is also the Chief Compliance Officer of Ecobank Nigeria, noted that FinTechs have a critical role to play in the future of financial services, noting that the more they innovate, the more they need to automate the attendant controls and ensure that they are strictly monitored.

The stakeholders  also agreed that there was also the urgent need to create effective blacklists of criminals in the financial sector so that when they have committed any infraction anywhere within the industry, they should be blacklisted industry wide.

The Central Bank of Nigeria (CBN) Director, Payment System Management, Musa Jimoh, lauded the efforts of ISSAN in promoting a safer cyber space for financial transactions in the county, stressing that it is the responsibility of all stakeholders to ensure a robust payment ecosystem and a sound regulatory regime as the apex bank cannot do it alone. He further emphasized that banks and FinTechs should put adequate measures in place to protect their customers, stressing that it was the only way to embrace and trust the payment system.

“The banks should know the identity of the entity that is conducting transactions. Banks should invest and strengthen their KYC. They should monitor transactions and put adequate measures in place to trigger suspicious transactions They should continue to educate their customers and create more awareness. Consumer protection is dear to CBN. It is the obligation of the banks to protect customers who are vulnerable. Banks and FinTech’s should exhibit good market conduct to earn the trust of their customers.” he said.

News

Court remands Ex-DSS Officer in Kuje Prison over alleged support for IPOB

Published

on

Spread the love

The Federal High Court in Abuja, on Thursday, ordered the remand in Kuje Correctional Centre of a retired officer of the Department of State Services, Nwaogu Ihechimere Ezeakolam over his support for the outlawed Indigenous People of Buafra, IPoB.

The retired officer was arraigned by the Department of State Services for, among other things, supporting the proscribed terrorist organization.

He was arraigned on a four-count charge, including joining IPOB, posting messages in support of the proscribed organization, and involvement in acts capable of inducing unsuspecting members of the public to join IPOB.

The DSS told the court presided over by Justice Muhammed Umar, that what the retired officer did was contrary to and punishable under Sections 13, 25, 26 of the Terrorism (Prevention and Prohibition) Act, 2022.

When the charges were read out to Ezeakolam, he pleaded “not guilty” to all the four counts. Thereafter, the prosecution applied for a trial date and urged the court to remand him in custody pending trial.

Maduka College Advert

Justice Umar adjourned the matter to October 29 for commencement of trial and ordered that Ezeakolam be remanded at the Kuje Correctional Centre.

Count One of the charges brought against Ezeakolam, reads: “That you, Nwaogu Ihechimere Ezeakolam, adult, male, sometime 2025 and 2026, at Abuja and Abia State, within the jurisdiction of this Honourable Court, did directly and indirectly render support by providing moral assistance and disseminating terrorist information of Indigenous People of Biafra (IPOB, a proscribed organization, through the internet and your social media platforms, and thereby committed an offence contrary to and punishable under Section 13 of Terrorism (Prevention and Prohibition) Act, 2022.

Count Two: “That you, Nwaogu Ihechimere Ezeakolam, adult, male, sometime 2025 and 2026, in Abia State, within the jurisdiction of this Honourable Court, did join Indigenous People of Biafra, a proscribed organization, and thereby committed an offence contrary to and punishable under Section 25 of Terrorism (Prevention and Prohibition) Act, 2022.

Count Three: “That you, Nwaogu Ihechimere Ezeakolam, adult, male, sometime 2025 and 2026, at Abuja and Abia State, within the jurisdiction of this Honourable Court, did knowingly directly and indirectly aid and abet the Indigenous People of Biafra (IPOB) by posting on social media platforms messages calculated to induce unsuspecting members of the public to support Indigenous People of Biafra (IPOB), a proscribed organization, and thereby committed an offence contrary to and punishable under Section 26 of Terrorism (Prevention and Prohibition) Act, 2022.

Count Four:
“That you, Nwaogu Ihechimere Ezeakolam, adult, male, sometime 2025 and 2026, at Abuja and Abia State, within the jurisdiction of this Honourable Court, on social media platforms did post and cause to be accessed, messages aimed at advancing the cause of Indigenous People of Biafra (IPOB), a proscribed organization and thereby committed an offence contrary to and punishable under Section 18 of Cybercrimes (Prevention, Prevention, etc) Act, 2015, as amended,” the charge said.

Continue Reading

News

BREAKING: Tinubu orders EFCC to unfreeze Osun accounts

Published

on

President Bola Tinubu
Spread the love

President Bola Ahmed Tinubu has directed the Economic and Financial Crimes Commission (EFCC) to immediately vacate the court order freezing the Osun State Government’s accounts, citing concerns that the action could undermine public confidence ahead of the state’s governorship election.

In a statement issued on Thursday from the State House, the President said he was “deeply embarrassed” by the timing of the EFCC’s move, stressing that although the anti-graft agency acted pursuant to a court order, the public would inevitably associate the action with his administration.

Tinubu reiterated his long-standing policy of allowing anti-corruption and law enforcement agencies to operate independently without political interference, noting that he had consistently refrained from directing the operational activities of the EFCC and other investigative bodies.

According to the President, strong democratic institutions must be allowed to perform their statutory responsibilities professionally, without fear, favour or political influence.

He, however, said the timing of the EFCC’s action was inappropriate, especially as Osun State is only days away from its governorship election.

Maduka College Advert

“Nothing ought to be done to give the impression that the EFCC or any other federal agency is being used to interfere with the electoral process,” Tinubu stated.

The President said that while he was yet to receive full details of the investigation that prompted the EFCC to obtain the court order, the overriding public interest required urgent intervention to safeguard the integrity, credibility and fairness of the electoral process.

Consequently, Tinubu directed the EFCC to return to court immediately to vacate the order freezing the state’s accounts and discontinue the action against the Osun State Government.

The directive comes amid heightened political attention over the EFCC’s decision to secure a court order freezing Osun State’s accounts as part of an ongoing investigation. The development had sparked widespread reactions from political stakeholders and legal practitioners, with concerns over its potential impact on the forthcoming governorship election.

Continue Reading

News

Army arrests two soldiers over alleged illegal duty at Peller’s wedding

Published

on

Spread the love

The Nigerian Army  has confirmed the arrest of two soldiers, Privates Onasanya Ifeoluwa and Ukpai Onyinyechi, for working as bouncers at the wedding of social media personalities Habeeb Hamzat, popularly known as Peller, and Jarvis in Lekki over the weekend.

Both soldiers were identified as personnel of the Nigerian Army’s Medical Services and Hospital at Obalende, Lagos.

Spokesman for the 81 Division, Lt.-Col Musa Yahaya, confirmed to The Nation that the soldiers were arrested on Tuesday and are in custody.

They were allegedly involved in an unauthorised deployment after footage of the wedding, which went viral across social media platforms, showed the soldiers in military uniform providing security and escorting guests.

One video allegedly showed a soldier escorting TikTok personality Ivanna through the crowded venue.

Maduka College Advert

The videos sparked public debate, with many Nigerians questioning whether serving military personnel were authorised to perform security duties at a private celebrity event.

The videos particularly raised concerns because they flouted earlier directives by President Bola Tinubu, which withdrew police and military escorts from persons not entitled to them by law to beef up security across the country.

The Nigerian Army has consistently maintained that its personnel are prohibited from undertaking unauthorised private security duties or participating in deployments without official approval.

According to sources, preliminary investigations are underway to determine the extent of their involvement and identify any other personnel connected with the incident.

The wedding of Peller and Jarvis attracted entertainers, influencers and other guests, with videos from the ceremony dominating social media over the weekend.

Continue Reading

Trending

Maduka College Advert